Maybe they decide to leave, so you can have the chance of renting your property when the market is hot. 

Definitely not easy to find them these days since these are super hot area and lots of competition for the same listings (including wholesale listings).  

The only DMM that is acceptable in my eyes is if you have a super small super hot list (and I mean ACTUAL reason to believe they are motivated) and you personally send them a mailer.

It is just a uniform way to compare different investments.Generally speaking when a real estate market is hot, you can expect cap rates to compress. 

https://louisvillescoop.com/2020/01/10/12-hot-new-developments-for-young-professionals-in-2020/?

It is one of those things they know that they need to get to but haven't because it isn't the hot potato. 

I understand that this is an all-cash investment so obviously you are limited by your cash/financing reserves but I dont think that's the whole story.I've been analyzing deals in AZ lately where the market is pretty hot and no matter how many wholesalers I work with and how rough the state of the property is, I can't seem to get even close to making the BRRRR math work.

We just had a AirBnB meetups so it's a hot topic but there are members in the group that own lake AirBnBs. 

Limited lodging shall only be permitted when arranged through a booking agent as defined in § 19-2401.Limited Lodging, Short Term.The accommodation of visitors conducted in a dwelling unit, the primary use of which is for household living, and where the total accommodations of visitors provided is for fewer than ninety-one (91) days per year but where the provision of lodging to any particular visitor is for no more than thirty (30) consecutive days.

You look at the home and should release inspection if rpts are prepared.Bottom line is homes are hot commodities and they have many people to consider.